2013年注會《職業(yè)能力綜合測試》強(qiáng)化訓(xùn)練題(9)

　　9.(1)每張債券價(jià)值=100×8%×(P/A，10%，6)+100×(P/F,10%,6)=91.29(元);每10張認(rèn)股權(quán)價(jià)值=100-91.29=8.71(元);每張認(rèn)股權(quán)證價(jià)值=8.71÷10=0.871(元)。

　　(2)認(rèn)股權(quán)證籌資的主要優(yōu)點(diǎn)是可以降低相應(yīng)債券的利率。通過發(fā)行附有認(rèn)股權(quán)證的債券，是以潛在的股權(quán)稀釋為代價(jià)換取較低的利息。

　　認(rèn)股權(quán)證籌資的主要缺點(diǎn)是靈活性較少。附帶認(rèn)股權(quán)證的債券發(fā)行者，主要目的是發(fā)行債券而不是股票，是為了發(fā)債而附帶期權(quán)。認(rèn)股權(quán)證的執(zhí)行價(jià)格，一般比發(fā)行時(shí)的股價(jià)高出20%至30%。如果將來公司發(fā)展良好，股票價(jià)格會大大超過執(zhí)行價(jià)格，原有股東會蒙受較大損失。此外，附帶認(rèn)股權(quán)證債券的承銷費(fèi)用高于債務(wù)融資。

　　10.加權(quán)平均資本成本=15%×{287520/359400}+8%×(1-25%)×{71880/359400}=13.2%;

　　剩余經(jīng)營收益=60250-359400×13.2%=12809.2(萬元);

　　剩余凈金融支出=3500-71880×8%×(1-25%)=-812.8(萬元);

　　剩余權(quán)益收益=56750-287520×15%=13622(萬元)。

　　以剩余收益為基礎(chǔ)的業(yè)績評價(jià)的優(yōu)點(diǎn)：(1)剩余收益著眼于公司的價(jià)值創(chuàng)造過程，與增加股東財(cái)富的目標(biāo)一致;(2)剩余收益指標(biāo)有利于防止次優(yōu)化，可以更好地協(xié)調(diào)公司各個(gè)部門之間的利益沖突。

　　以剩余收益為基礎(chǔ)的業(yè)績評價(jià)的缺點(diǎn)：(1)剩余收益是絕對指標(biāo)，不便于不同規(guī)模的公司和部門的業(yè)績比較;(2)剩余收益基礎(chǔ)的業(yè)績評價(jià)依賴于會計(jì)數(shù)據(jù)的質(zhì)量。

　　11. In according to the relative regime of law and articles of association， we, as the Company's independent directors, have verified the relative directors' resolutions. In view of our independence, we publish our independent opinions as follows:

　　After the examination, Chunhua Accounting Firm possess the qualification for engaging audit regarding Securities and Futures, have more experiences in this area. And have provided audit services for many years, are more familiar with the development of Company, have the ability to undertake the standards of Company's internal control, could satisfy the requirements of company's internal control, and will not impair the whole company's interests and minority shareholders' interests. Therefore, we agree to engaging of Chunhua Accounting Firm as our auditors for Company's internal control for Financial year 2012, and agree to submit in the 1st EGM for approval.

　　(根據(jù)相關(guān)法律制度以及公司章程的有關(guān)規(guī)定，我們作為公司的獨(dú)立董事，對公司董事會的相關(guān)議案進(jìn)行了核查，我們基于獨(dú)立判斷的立場，發(fā)表獨(dú)立意見如下：

　　經(jīng)審查，春華會計(jì)師事務(wù)所有限責(zé)任公司具備從事證券、期貨類相關(guān)業(yè)務(wù)的審計(jì)資格，具有豐富的職業(yè)經(jīng)驗(yàn);且為本公司提供了多年的財(cái)務(wù)審計(jì)服務(wù)，對公司經(jīng)營發(fā)展情況較為熟悉，具備承擔(dān)公司內(nèi)部控制規(guī)范工作情況的審計(jì)能力，能夠滿足公司內(nèi)控審計(jì)的需要，亦不存在損害公司整體利益及中小股東權(quán)益的情況。因此，同意聘請春華會計(jì)師事務(wù)所有限責(zé)任公司為本公司 2012 年度內(nèi)部控制審計(jì)機(jī)構(gòu)，并同意提交公司 2012 年第1次臨時(shí)股東大會進(jìn)行審議。)

　　12.

　　(1)Yes.

　　Not until 2 years after the audit rotation could the auditors accept the pervious client, or the independence would be impaired　due to self-review.

　　(2)Yes.

　　Because of the business combinations, YI Company becomes one of the clients of Dongzheng firm. Wangming is the independent director of the client; therefore, the independence may be impaired due to self-review.

　　(3)Yes.

　　Other partners of the firm have direct financial interest in the client; therefore, professional code of ethic may be violated due to self-interest.

　　(4)Yes.

　　Members of the engagement team have close relative that work for the client in key positions that have material impact on the financial statements; therefore, independence may be impaired due to familiarity.

　　(5)No.

　　Members of the engagement team worked for the client in the position of employee’s training that have immaterial impact on the financial statements; therefore, independence will not be impaired due to familiarity.

　　(6)Yes.

　　The Dongzheng firm and Huaguang firm are network firms. When providing internal control design service, the auditor get involved in taking executive decision-making on behalf of the assurance client; therefore, professional code of ethic may be violated due to self-review.

　　(1)違反。王明擔(dān)任關(guān)鍵審計(jì)合伙人5年輪換后，再次擔(dān)任該客戶的關(guān)鍵審計(jì)合伙人需要在2年后，否則因自我評價(jià)違反職業(yè)道德守則。

　　(2)違反。因企業(yè)合并導(dǎo)致乙公司成為東正事務(wù)所的審計(jì)客戶，王明擔(dān)任審計(jì)客戶(乙公司)的獨(dú)立董事會，因自我評價(jià)違反職業(yè)道德守則。

　　(3)違反。王明所在分部的其他合伙人在審計(jì)客戶中擁有直接經(jīng)濟(jì)利益，因經(jīng)濟(jì)利益違反職業(yè)道德守則。

　　(4)違反。審計(jì)項(xiàng)目組成員的主要近親屬(其妻子)是審計(jì)客戶的高級管理人員，其崗位職責(zé)對財(cái)務(wù)報(bào)表產(chǎn)生重大影響，因密切關(guān)系違反職業(yè)道德守則。

　　(5)不違反。審計(jì)項(xiàng)目組成員曾在審計(jì)客戶(晨威公司)負(fù)責(zé)員工的培訓(xùn)工作，其崗位職責(zé)對財(cái)務(wù)報(bào)表不產(chǎn)生重大影響，不存在密切關(guān)系違反職業(yè)道德守則。

　　(6)違反。東正事務(wù)所和華光事務(wù)所屬于網(wǎng)絡(luò)事務(wù)所，華光事務(wù)所承擔(dān)內(nèi)部控制設(shè)計(jì)服務(wù)屬于承擔(dān)審計(jì)客戶管理層職責(zé)，因自我評價(jià)違反職業(yè)道德守則。